JANUARY 13, 2025 , 8:06 am ist
Stock Market Live Updates: Aishwarya Dadhich, Founder and CIO of Fidient Asset Management, has an opinion on the market.
Aishwarya Dadhich, Founder and CIO of Fident Asset Management, while talking to Moneycontrol, said that the IT sector led by TCS gave good support to the market today. Although TCS’s earnings were good, the most special thing was its commentary. The market especially liked the management’s commentary on deal pipeline and discretionary spending. Due to which the sentiments of big IT companies got a boost.
He further said that volatility is expected to continue for the next three to four weeks. The market will remain volatile due to events like US payroll data and upcoming Union Budget. Dadhich said if the results disappoint, especially in the mid- and small-cap segments, selling pressure could increase. However, if results are good, attractive valuations could soon give fresh momentum to the market.